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hanover insurance group inc/ (THG) Details

The Hanover Insurance Group, Inc., through its subsidiaries, provides various property and casualty insurance products and services in the United States. It operates in four segments: Commercial Lines, Personal Lines, Chaucer, and Other. The Commercial Lines segment provides commercial multiple peril; commercial automobile; workers’ compensation; and other commercial insurance, including specialty program business, inland marine, management and professional liability, and surety. The Personal Lines segment offers insurance for personal automobile and homeowners, as well as other personal coverages, such as umbrella, identity protection, valuable items, watercraft, dwelling fire, and home care services. The Chaucer segment provides marine and aviation, energy, property, and motor, as well as casualty and other coverages, which include international liability, specialist coverages, and syndicate participations. The Other segment markets investment management services to institutions, pension funds, and other organizations. The company sells its products and services to businesses, individuals, and families through a network of independent agents and brokers. The Hanover Insurance Group, Inc. was founded in 1852 and is headquartered in Worcester, Massachusetts.

hanover insurance group inc/ (THG) Key Developments

The Hanover Insurance Group, Inc. announced that its board of directors declared a quarterly dividend of $0.41 per share on the issued and outstanding common stock of the company, payable March 27, 2015, to shareholders of record at the close of business on March 13, 2015.

The Hanover Insurance Group, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for the Fourth Quarter of 2014; Provides Earnings Guidance for the Year 2015

Feb 4 15

The Hanover Insurance Group, Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net investment income of $68.8 million compared to $68.1 million a year ago. Total revenues were $1,285.1 million compared to $1,229.0 million a year ago. Income from continuing operations before income taxes was $122.9 million compared to $88.2 million a year ago. Net income was $89.9 million or $2.00 per diluted share compared to $70.1 million or $1.57 per diluted share a year ago. Operating income was $80 million or $1.77 per diluted share compared to $60 million or $1.33 per diluted share in the fourth quarter of last year. ROE was 12.7%.
For the year, the company reported net investment income of $270.3 million compared to $269.0 million a year ago. Total revenues were $5,067.6 million compared to $4,793.7 million a year ago. Income from continuing operations before income taxes was $378.0 million compared to $329.1 million a year ago. Net income was $282.0 million or $6.28 per diluted share compared to $251.0 million or $5.59 per diluted share a year ago. Book value per share as at December 31, 2014 was $64.85 compared to $59.43 a year ago. Operating income was $233 million in 2014 or $5.19 per diluted share compared to $227 million or $5.06 per diluted share last year. ROE was 9%.
The company reported impairment charges of $5.1 million in the fourth quarter of 2014 compared to $2.3 million for the same quarter a year ago.
Operating earnings expectations for 2015 is in the range of $5.70 to $6 per share. As the basis for this outlook, The company anticipates written premium growth of mid-single digits, net investment income growth of approximately 5% compared to 2014 and an overall combined ratio of around 96% that assumes catastrophe losses slightly below 5% of earned premium.

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